Soul Foods Recently Liquidated Its Fast-Food Division

Soul Foods recently liquidated its fast-food division.That unit represented 25 percent of the firm's overall market value.Prior to the liquidation,the firm's stock was selling for $40 a share,the annual dividend was steady at $1.30 per share,and there were 16,000 shares outstanding.The firm is preparing to distribute the entire liquidation proceeds to shareholders.How much will the liquidating dividend be per share?

A) $0.24
B) $1.30
C) $6.10
D) $7.40
E) $10.00